Trend Detector IndicatorTrend Detector Indicator
Class : trend oscillator/average analysis
Trading type : trading in trend
Time frame : 1 day
Purpose : trend detection
Level of aggressiveness : conservative
The key problem of trend following trading is danger of entering into position at extreme points of the trend with further trend reverse. Plus in any case it is very important to understand the phase of the trend cycle to be effective and successful trader.
Each trend can be divided into several phases: start of the trend, active development, consolidation phase, end of the trend. Obviously the most interesting phases for trading in trend are start and active development of the trend. At these phases risk of unsuccessful trading in trend direction is minimal, but profit opportunities are maximal. Still as a rule it is quite hard to detect the start of the trend. As the result probability of false signals is rather high.
Indicator «Trend Detector Indicator» is developed to identify the active phases of the trend cycle and helps to avoid trading at the end of the trend.
Using unique algorithm Indicator “TDI” allows to identify moments in price dynamics which are the most appropriate for trading in trend.
Structure of the indicator
Indicator consists of the TDI line and special colored zones:
- TDI line (multi-colored line in the indicator window) – is used to divide phases of the trend cycle, different colors signal about current type of price dynamics (blue color – uptrend, red color – downtrend, green – flat);
- Colored zones (blue, yellow and red colors depending on type of the signal) – are used for color indication of the trend cycle phases. Blue color means that trend is in active phase. Yellow warns about possible transition of the trend to the extinction. Entering the red zone is a signal of possible break of a trend.
Input parameters of the indicator
To set up the indicator a number of input parameters are used:
- Average period – averaging period. Responsible for the data filtration (by default = 13). The bigger the period is the less quantity of the signals would be, but the higher their quality is expected. Decrease of this parameter allows to increase the aggressiveness of the trading and the number of generated signals, but potentially this can decrease the quality of the signals
- Correlation period – period which is used in correlation analysis to calculate the correlation moment (by default = 21).
Rules of trading
Entering of the TDI line into blue zone and being there is a signal for active trading in current price direction. The direction of the tendency is indicated by the color of the TDI line: blue color – uptrend and “buy” signal, red color – downtrend and “sell” signal, green – flat, that means there is no dominating tendency and trading in trend should be postponed.
Since the basis for the trades are trend signals, their closing with profits or stops should be done when these signals lost relevance. So stop-loss and take-profit parameters are not provided. Such approach allows to avoid profit limitation by a certain number of points and to extract maximum from the active phase of the trend cycle, which is not limited in theory.
Change of the TDI line color in blue zone is a signal to close current long positions. Exit of the TDI line from blue zone is a signal to close current trend positions.
Trends
Draculapresley Daytrading STRAT O' DOOM 1.3Very excited with my results after extensive testing I present the Strat O Doom version 1.3!
Using some custom settings with a few indicators and a custom movement algorithm I have fine tuned my strat even further. The strat now lends itself to quick trades but also better at finding longer movements as well.
I appreciate everyone participating and engaging with my last version and anyone who has donated will get access to the new settings!
For access please consider a donation...
BTC
19sbyzKm9PqYizeFgTkT1gSRvyfBNa2bn7
ETH
0x6b8ef9f4979df6efd51e745ba996299349d67306
LTC
LLMUH5v5DeurLZEeX2Atu9W36vLA1pTX7o
For donation confirmations or script purchase you can email draculapresley@gmail.com
DepthHouse Relative Momentum Range OscillatorDepthHouse Relative Momentum Range Oscillator uses several calculations between the relative momentum and range to help determine trend direction and strength.
Breakouts above the adjustable horizontal zone often serve as a bullish confirmation, while breakout below the horizontal zone often serve as a bearish confirmation.
Crosses of gold and yellow signal line represent trend consolidation and/or possible reversal zones.
How to get:
As you can see this is an invite only script. In the coming month this indicator, along with many others will become pay to use only. (website on my profile page)
However all my indicators will be FREE until May 1, 2018 . So please try them out!
To take advantage of this FREE trial :
1. Leave comment on this indicator post! Maybe even give me a follow :D
2. Check out and take advantage of all my other indicators!
I hope you all enjoy!
Notes:
Signals Beta:
Both functions give possible buy and sell signals shown by the circles in the middle. The strength of the signal is shown by the circle size. The larger the circle, the stronger the signal.
This feature is in beta testing is not advised to trade off of.
Altering the Multi-Factor will adjust the dotted signals at the bottom.
This is a heavily modified version of my DepthHouse Envelope Oscillator
Elder Impulse SystemQuickly Identify Trends with the Elder Impulse Indicator.
Pretty much the same as , but written from scratch to be simpler to use and the source code easier to read (no offense, LazyBear)
For more info, see stockcharts.com
UltraTrends.V2This is version 2 of Ultratrends.
Like the last version:
Fuschia is pivot down, yellow is pivot up, up is confirmed up, down is confirmed down, green is uptrend, red is downtrend, gray is no trend.
"UP" Is a good indication that the market is going to go up. "DOWN" is a good indication that the market will go down. However, use your head. Think about support / resistance.
Additions:
- 200 EMA/SMA Average (Thick aqua line): Great for determining trend and acts as support / resistance.
- 50 SMA (thin yellow line): Use for 50/200 crosses to determine trend. Serves as weaker resistance.
- Dynamic Pivot points (by finn): Serve as support / resistance levels. Plotted as horizontal dots.
- Early move detection: demonstrated by either a green triangle below bar or red triangle above bar.
- "Hot Zones": volume based background highlighting the manifestation of bullish conditions. Default color is white, so if you use a lighter background, please change it to another color.
This indicator works best with 1337 Volume:
The only way to get this script is by joining Gambit Private Trading Room. There are currently ~ 90 experienced traders in the room at the time of this post that share the best ideas / setups. For more information, please fill out the form at: GambitCrypto.com
Enjoy
MM-Burj Khalifa IndicatorThis indicator uses several signals to visualize a "perfect candle" to enter a trade.
It colors the background to identify the zones of interest (multiple configurable high or low RSI zones). Underlying is a trendbar with the current MACD direction.
The indicator is using signals of:
--MACD
--RSI
--PVT
--ATR
--AD and DMI+/DMI-
When all 7 criterias are met it highlights the candle.
It also creates different colums with different height and width, so that you can see which signal is OK and which is maybe missing. When all signals are on GO you'll see a Burj-Khalifa-like figure. If not all signals are on GO you'see crippled versions.
To be clear:
it's not intended to detect trends or supertrends or reversals. It's purpose it's just to decide if this current candle is really going in the right direction.
The Burj-Khalifa indicator could help to confirm the entry point of an trade which was already planned.
